The American economy this year has been a story of strength and resilience that would have been hard to imagine a year ago. Easing inflation, a robust labor market and surging productivity are all fueling growth that is expected to continue throughout the year. In a recent wide-ranging conversation, ... READ MORE >
U.S. inflation
Full employment, low inflation and a virtuous cycle in the American economy
Until recently, the idea that economy could simultaneously have low levels of unemployment and low inflation seemed to be a fantasy. Conventional wisdom, after all, holds that when unemployment is low, businesses need to pay higher wages to attract workers, which pushes up the cost of goods and services, ... READ MORE >